Global Trade Alert
Global Trade Alert

Nigeria: NCDMB acquires 20% equity in refinery project

Announcement

09 Mar 2025

In March 2025, the Nigerian Content Development and Monitoring Board (NCDMB) acquired 20 per cent equity in a 100'000 barrels per day refinery project established by African Refinery Group Ltd.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

09 Mar 2025

Revocation date:

No revocation date

Updated: 09 Mar 2025
Equity stake In force
On 9 March 2025, the Nigerian Content Development and Monitoring Board (NCDMB) announced the acquisition of 20 per cent equity in the African Refinery Port Harcourt Limited (ARPHL) project in Nigeria....
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